TRADING CLOSING POWER TREND-BREAKS
(C) 2009-2011 William Schmidt, Ph.D. www.TIGERSOFT.com
TigerSoft's Closing Power Percent Is A "Game Changer.
Trade the Closing Power Percent
trend-changes.
Commands: Peercomm
+ Peerless-2008 + Daily Stocks + symbol + Indic.3 + Closing Power Pct.
The Rules Are Simple.
A break in a rising Closing Power trend
is a Sell. A break in a falling
Closing Power trend is a Buy.
This simple approach catches
nearly all significant moves in whatever
you trade. Here are some
examples: Crude Oil, Gold,
Silver....
The gains even with DJIA-30 stocks are amazing. Go to this
link to see the charts of five stocks
DJIA-30, taken randomly....
TigerSoft's Closing Power Percent Is A "Game Changer.
The simple rules keep you in position to ride each significant
trend. Of course, you will
want to pick the best stocks to Buy
using TigerSoft's Accumulation Index and
Power Ranker.
Closing Power Trendline Suggestions:
CP Trend-breaks can whipsaw, but overall they
will keep you
profitably in tune with the trend. Use trends that
last at least a month, as much as
possible. Flat CP support lines and
flat CP resistance lines that have been
three times tested
are more important when penetrated than
diagonal lines that
are two times tested lines.
Closing Power trendbreaks
following a CP non-confirmation of
a new price high or low are likely to
bring more significant price reversala.
Head and shoulders CP
necklines when violated are believed
to be even more bearish. See DIA CP
last fall in chart below.
Watch Opening Power.
When it and CP are rated "falling",
it is a more bearish situation than when
CP is falling and
Opening Power is rising. This
is the "BOTHDOWN" situation.
The decline of 2008 showed this for
most stocks and ETFs.
Closing Power Breakouts - A Closing Power resistance line going
through threeor more peaks offers
important resistance. When this
CP resistance line is
overcome, a good Buy Point is usually presented.
____________/(!) - breakout
/\ /\ /\ /
/ \ / \ / \/
\/ \/ \
Example - A Closing Power support line going through four
bottoms offers even more important support. When this line
is overcome, significant weakness usually follows.
____________
/\ /\ /\
/ \ / \ / \ /\
\/ \/ \ \/ \
\(!) - breakdown
\
When the CP Line falls significantly away from a
shallower
trendline
and sets up a steeper angle, use the steeper CP
line to
watch for trend-breaks. Do the same with rising trends.
Raise the
trendline so it is steeper and goes throught the
most recent
bottoms.
\ _
\ / \
\/
\/\
\ /(!)- breakout above steeper downtrendline.
\ /
\/
Watch for Closing Power Trend-Breaks,
especially after a CP Non-Confirmation of a New High.
especially Head/Shoulders Patterns.
